Cryptocurrencies from Ethereum to Bitcoin to UCoin have often been proposed as a decentralized, secure, and efficient way to deliver the benefits of Universal Basic Income (UBI) to a global community. Attention Based Currency (ABC) is a cryptocurrency generated by the interaction of Internet users with streaming media. Listening records are secure and encrypted, but the algorithm rewards listeners who seek out and share new content as “early adopters.” ABC is a market-based approach that can be used independently or in tandem with more traditional government-funded or philanthropic UBI programs.

Our economy is shifting from a model of extraction and industrial production to a post-capitalist system ordered by the weightless transfer of information. ABC’s application of blockchain distributed database technology to the consumption of content represents a new way to quantify this source of wealth in real time and reinvest it to achieve a more vibrant and dynamic global information culture.

We will then present a new hypothesis, ABC launched in partnership with a cryptocurrency-based UBI delivery system, that is driven by the results of this analysis as a viable option.

As jobs disappear and the price of online goods and services approaches zero, neither advertising revenue nor stock market speculation can sustain the global Interneteconomy indefinitely. ABC protects users’ privacy, while providing direct rewards for their role in the information economy. Attention Based Currency, when deployed in combination with Universal Basic Income, holds the potential to create a sustainable, human-powered, information economy.